Stocks in Play for July 22 (AOB, MOT, SOMX)

American Oriental Bioengineering (AOB) – The stock has been on a deep downtrend, falling from a high of $6.38 down to its current price of around $2.42. The technical chart indicates that stock seems to be stabilizing. The volume has been quite modest, however the stochastics are oversold which could power the rally that I think is coming. I’m a buyer of AOB once it breaks $2.49 for a possible breakout move. The stock could have good upside potential, so watch the stock closely on Thursday.

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Motorola (MOT) – Look at MOT’s wonderful chart ! The stock has been extremely Bullish over the past few days, and I believe it will keep moving up. The MACD is bullish and look for it to strengthen if the stock sees more volume. MOT has resistance at the $8-8.10 range, which is where it hit on Tuesday. I’m a buyer of MOT once it breaks through this level as we expect to see the stock test the range high of $8.67.

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Somaxon Pharmaceuticals (SOMX) was trading higher after hours, after the company announced that detailed results from two Phase 3 clinical trials of the company’s product Silenor-R, doxepin, have been accepted for publication in peer-reviewed scientific journals. Both doses of Silenor achieved statistical significance for objective measures of sleep maintenance in the sleep laboratory setting, including the primary endpoint of Wake After Sleep Onset, or WASO, and for subjective measures of sleep maintenance and sleep onset in the outpatient setting. I expect the stock to gap higher on Thursday due to this good news. SOMX has been trading in a downtrend channel the past few weeks and should break any time soon. The high of this channel is $3.96, which is resistance for my buy point. I think the stock will have a lot of volume on Thursday and if it holds up, will give you many trading opportunities.

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Other stocks to watch:

Royale Energy (ROYL) – The stock continues the oversold bounce which started two trading sessions ago. The stock will now be facing some resistance located between $1.97 – $2. A close above 2 would be very bullish.

Hemispherx BioPharma (HEB) – The stock appears to be stabilizing and is in a mini uptrend. I am watching out for a close above 50 cents.

Generex Biotechnology (GNBT) – Resistance is now $.36 which is the 50 day moving average. A close back above the 50 day MA would be bullish.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.